The Spanish property market due to the rise in sales of residential properties grew by eight per cent in June 2014 in comparison to last year.

Sales stats just released from the National Statistics Institute, indicate that Spain has seen a year on year jump in property sales for four consecutive months, ending a ten month drought of year on year declines.

Valencia boasts the largest increase of housing sales per 100,000 residents, followed very closely by the Canary and Balearic Islands.

In addition, Madrid performs the highest, with a 30.4% increase. Extremadura, with 25.7%, and Navarra, at 19.3%, placed at 2nd and 3rd.

There has been large amount of property sold on the Costa del Sol this year. Putting this into perspective: there have been 4 New housing developments on the Costa in 2013 compared with none during the last 3 years. Potential developers have to stay grounded though, as 30% of recent homes on the Costa del Sol are yet to be sold.

An average 2 bed apartment on the Costa can go for €196,956, while a family home comes in at about €393,520.

Experts prediction is that the Spanish property market is should stabilise towards end of 2014.